Accounts Payable - Key Concepts and Procedures

• Processing Intercompany Transactions
• Standing Payables
  • Defining a Standing Payable
  • Beginning and Ending Month/Year
  • Single Recurrence Flag
  • External Document Flag
  • Standing Payable Hold Codes
  • Creating an Invoice from a Standing Payable
  • Standing Payables Reports
• Open Item Processing
• Generating Installments
  • To Use Installments
  • Maintaining Credit Terms
  • Setting-Up Payment Term Defaults for Vendors
  • Creating An Invoice With Installments
  • Selecting Installments for Payment
• Three-Way Matching
  • Setting Up Your Matching Environment
  • Accrual and Matching in a Management Accounting Environment
  • Manual Matching
  • Automatic Matching
  • Matching Reports
• Payment Processing
  • Manual Payment Selection
  • Automatic Payment Selection
  • Sequential Fiscal Numbering of Payment Transactions
  • Discount, Due, and Pay Dates
  • Adjusting Selection of Items for Payment
  • Creating Payment Forms and Accounting Transactions
  • Payment Cycle Status
• Open Item Records
  • Document Types
  • Record Types
• VAT Processing
  • Notice
  • Introduction
  • VAT, US Tax, or GST Processing
  • VAT Calculation Method (Recalculate, Gross, or Net)
  • VAT Declaration Points
  • Ensuring VAT Is Posted on Time
  • VAT Codes
  • VAT Type
  • Imports and Exports
  • VAT Calculations for EC Members
  • Reporting Transactions between Members of the European Community
  • ESL/SSD Management
  • SSD Transaction Maintenance
  • VAT Corrections for Write-Off, Deduction, and Chargeback Transactions (AR)
  • VAT Included (AR, AP, and GL)
  • VAT for Gifts, Samples, and Prizes (OP)
  • Payment Time VAT Review Management (AR, OP, GA)
  • Time Delay for Purchases of Fixed Assets (AP)
  • Database Fields Reserved for Future VAT Processing
  • Hierarchy for Defaulting VAT Codes on Sales Orders
  • Hierarchy for Defaulting VAT Codes on POs and Vendor Invoices
  • Hierarchy for Defaulting VAT Codes on Journal Transactions
  • How VAT is Calculated
  • Steps to Setting up and Working in a VAT Environment
• GST Processing
  • GST Processing
• Accounts Payable
• Draft Processing
• Setting Up Account Number Categories
• Purging AP Files
  • Accounting Transaction Purge
  • Clear Audit Trails
  • Currency Master Reorganization
  • Open Item/Payment Purge
• 1099 Tax Processing
  • 1099 Information
  • 1099 Tax Codes
  • Posting Vendor History Information
  • Reporting 1099 Information
  • Vendor Tax Withholding
• Vendor Tax Withholding
  • Setting-Up Your System for Withholding
  • Withholding at Invoice Time
  • Withholding at Payment Time
• Interface to General Ledger
  • Considerations Before Performing Distributions
  • Daily Fiscal Journal Reports
  • General Ledger Distribution Options
  • Management Reporting
• Perform Data Base Processing
  • Perform Data Base Audit
• Batch Order Inquiry Entry
• Accounting Dates
• Gross vs. Net Accounting

Reference

• Common Features
• Future Three
• Glossary
• Reference File Categories
• Technical Support
• Help